Agenda item

15.1

The Executive Director, Resources submitted a report providing the month 10 monitoring statement on the City Council’s Revenue and Capital Budget for 2012/13.

15.2

RESOLVED: That Cabinet:-

(a)

notes the updated information and management actions provided by the report on the 2012/13 budget position;

(b)

In relation to the Capital Programme:-

(i) approves the proposed additions, cancellation and variation to the capital programme listed in Appendix 2, including the procurement strategies and delegations of authority to the Director of Commercial Services  or Delegated Officer, as appropriate, to award the necessary contracts following stage approval by Capital Programme Group;

(ii) approves the proposed variations in Appendix 2 of the report within their delegated authority; and notes

(iii) the latest position on the Capital Programme including the current level of delivery and forecasting performance.

15.3

Reasons for Decision

15.3.1

To formally record changes to the Revenue Budget and the Capital Programme and gain Member approval for changes in line with Financial Regulations and to reset the Capital Programme in line with latest information.

15.4

Alternatives Considered and Rejected

15.4.1

A number of alternative courses of action were considered as part of the process undertaken by Officers before decisions were recommended to Members. The recommendations made to Members represented what Officers believed to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding was put within the Revenue Budget and the Capital Programme.

15.5

Any Interest Declared or Dispensation Granted

None

15.6

Reason for Exemption if Public/Press Excluded During Consideration

None

15.7

Respective Director Responsible for Implementation

Laraine Manley, Executive Director, Resources

1.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management Committee

15.1

The Executive Director, Resources submitted a report providing the month 10 monitoring statement on the City Council’s Revenue and Capital Budget for 2012/13.

15.2

RESOLVED: That Cabinet:-

(a)

notes the updated information and management actions provided by the report on the 2012/13 budget position;

(b)

In relation to the Capital Programme:-

(i) approves the proposed additions, cancellation and variation to the capital programme listed in Appendix 2, including the procurement strategies and delegations of authority to the Director of Commercial Services  or Delegated Officer, as appropriate, to award the necessary contracts following stage approval by Capital Programme Group;

(ii) approves the proposed variations in Appendix 2 of the report within their delegated authority; and notes

(iii) the latest position on the Capital Programme including the current level of delivery and forecasting performance.

15.3

Reasons for Decision

15.3.1

To formally record changes to the Revenue Budget and the Capital Programme and gain Member approval for changes in line with Financial Regulations and to reset the Capital Programme in line with latest information.

15.4

Alternatives Considered and Rejected

15.4.1

A number of alternative courses of action were considered as part of the process undertaken by Officers before decisions were recommended to Members. The recommendations made to Members represented what Officers believed to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding was put within the Revenue Budget and the Capital Programme.

15.5

Any Interest Declared or Dispensation Granted

None

15.6

Reason for Exemption if Public/Press Excluded During Consideration

None

15.7

Respective Director Responsible for Implementation

Laraine Manley, Executive Director, Resources

1.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management Committee